XML 29 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 3,374 $ 3,342
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 300 613
Investment securities losses (gains), net (58) (175)
Depreciation and amortization 373 449
Amortization of premium and discount on investment securities, net 370 457
Accretion of deferred loan fees, net (141) (119)
Earnings on bank-owned life insurance (135) (143)
Deferred income taxes (262) 103
(Gain) loss on sale of other real estate owned 70 (5)
Increase in accrued interest receivable (94) (88)
Decrease in accrued interest payable (22) (32)
Other, net (797) (16)
Net cash provided by operating activities 2,978 4,386
Investment securities available for sale:    
Proceeds from repayments and maturities 6,809 12,992
Proceeds from sale of securities 1,494 8,135
Purchases (12,287) (15,150)
Increase in loans, net (14,490) (5,465)
Proceeds from the sale of other real estate owned 256 465
Purchases of premises and equipment (444) (250)
Net cash (used for) provided by investing activities (18,662) 727
FINANCING ACTIVITIES    
Net (decrease) increase in deposits 19,957 (7,916)
Decrease in short-term borrowings, net (3,870) (1,131)
Repayment of other borrowings (247) (335)
Common stock issuance   74
Stock options exercised   (115)
Proceeds from dividend reinvestment and purchase plan 287 440
Cash dividends paid (1,059) (1,047)
Net cash provided by (used for) financing activities 15,068 (10,030)
Decrease in cash and cash equivalents (616) (4,917)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 26,193 45,346
CASH AND CASH EQUIVALENTS AT END OF PERIOD 25,577 40,429
Cash paid during the year for:    
Interest on deposits and borrowings 2,088 2,818
Income taxes 1,395 900
Noncash investing transactions:    
Transfers from loans to other real estate owned $ 20 $ 975